Not long after the New York Islanders move to Brooklyn they should have a new owner.

The team says it is being sold to a group led by Jon Ledecky, a former co-owner of the Washington Capitals. London-based investor Scott Malkin will have a minority interest. Terms of the deal were not announced. But current owner Charles Wang will stay on as a majority stock holder for two years. After that, the new group will take over.

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